The Company maintains defined benefit pension plans for certain of its employees and provides certain postretirement medical and life insurance benefits
for a portion of its employees. At December 31, 2008, substantially all the domestic pension and postretirement plans are frozen to new entrants and to future benefit accruals.

For 2008, pursuant to the measurement date provisions of SFAS 158, the pension and postretirement obligations are measured as of December 31, 2008.
For 2007, the pension and postretirement obligations are measured as of September 30 and December 31. For 2006, the pension and postretirement obligations are measured as of September 30, 2006. The pension and postretirement
obligations for 2007 measured at December 31 are the obligations resulting from the acquisitions of K2 and Pure Fishing. For the plans measured as of December 31, the aggregate benefit obligation and plan assets at December 31, 2007
are $89.1 and $74.8, respectively. Benefit obligations are calculated using generally accepted actuarial methods. Actuarial gains and losses are amortized using the corridor method over the average remaining service life of its active employees.

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The Company maintains defined benefit pension plans for certain of its employees and provides certain postretirement medical and life insurance benefitsfor a portion of its employees. At December 31, 2008, substantially all the domestic pension and postretirement plans are frozen to new entrants and to future benefit accruals.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">For 2008, pursuant to the measurement date provisions of SFAS 158, the pension and postretirement obligations are measured as of December 31, 2008.For 2007, the pension and postretirement obligations are measured as of September 30 and December 31. For 2006, the pension and postretirement obligations are measured as of September 30, 2006. The pension and postretirementobligations for 2007 measured at December 31 are the obligations resulting from the acquisitions of K2 and Pure Fishing. For the plans measured as of December 31, the aggregate benefit obligation and plan assets at December 31, 2007are $89.1 and $74.8, respectively. Benefit obligations are calculated using generally accepted actuarial methods. Actuarial gains and losses are amortized using the corridor method over the average remaining service life of its active employees.

The Company maintains defined benefit pension plans for certain of its employees and provides certain postretirement medical and life insurance benefits
for a portion of its employees. At December 31, 2007, substantially all the domestic pension and postretirement plans are frozen to new entrants and to future benefit accruals.

The pension and postretirement obligations are measured as of September 30 and December 31 for 2007. The pension and postretirement obligations
are measured as of September 30 for 2006 and 2005. The pension and postretirement obligations for 2007 measured at December 31 are the obligations resulting from the acquisitions of K2 and Pure Fishing. For the plans measured as of
December 31, the aggregate benefit obligation and plan assets at December 31, 2007 are $89.1 and $74.8, respectively. Benefit obligations are calculated using generally accepted actuarial methods. Actuarial gains and losses are amortized
using the corridor method over the average remaining service life of its active employees.

The following table discloses the effect on the
Consolidated Balance Sheet of adopting the provisions of SFAS 158 at December 31, 2006.

Before Application ofSFAS 158

Adjustments

After Application ofSFAS 158

Accrued pension cost

$

(65.6

)

$

(1.0

)

$

(66.6

)

Accrued postretirement benefit cost

(27.7

)

8.1

(19.6

)

Minimum pension liability

(6.5

)

6.5



Deferred income taxes, net

(105.2

)

(5.9

)

(111.1

)

Accumulated other comprehensive income

(18.8

)

(7.7

)

(26.5

)

92

15. Employee Benefit Plans

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The Company maintains defined benefit pension plans for certain of its employees and provides certain postretirement medical and life insurance benefitsfor a portion of its employees. At December 31, 2007, substantially all the domestic pension and postretirement plans are frozen to new entrants and to future benefit accruals.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">The pension and postretirement obligations are measured as of September 30 and December 31 for 2007. The pension and postretirement obligationsare measured as of September 30 for 2006 and 2005. The pension and postretirement obligations for 2007 measured at December 31 are the obligations resulting from the acquisitions of K2 and Pure Fishing. For the plans measured as ofDecember 31, the aggregate benefit obligation and plan assets at December 31, 2007 are $89.1 and $74.8, respectively. Benefit obligations are calculated using generally accepted actuarial methods. Actuarial gains and losses are amortizedusing the corridor method over the average remaining service life of its active employees.

The following table discloses the effect on theConsolidated Balance Sheet of adopting the provisions of SFAS 158 at December 31, 2006.

The Company maintains defined benefit pension plans for certain of its employees and provides certain postretirement medical and life insurance benefits for a portion of its employees. In January 2005, in connection
with the AHI Acquisition, the Company acquired plan assets and assumed the benefit obligations of the pension and postretirement medical and life insurance plans of AHI. Except for one, all of the AHI pension plans are frozen to new entrants and to
benefit accruals. Also, only one postretirement medical plan is open to a limited number of new retirees. The other AHI postretirement medical plans are frozen to new entrants.

The pension and postretirement obligations are measured as of September 30, for all years presented and are calculated using generally accepted
actuarial methods. Actuarial gains and losses are amortized using the corridor method over the average remaining service life of its active employees.

The following table discloses the effect on the Consolidated Balance Sheet of adopting the provisions of SFAS 158 at December 31, 2006.

The Company maintains defined benefit pension plans for certain of its employees and provides certain postretirement medical and life insurance benefits for a portion of its employees. In January 2005, in connection
with the AHI Acquisition, the Company acquired plan assets and assumed the benefit obligations of the pension and postretirement medical and life insurance plans of AHI. Except for one, all of the AHI pension plans are frozen to new entrants and to
benefit accruals. Also, only one postretirement medical plan is open to a limited number of new retirees. The other AHI postretirement medical plans are frozen to new entrants.

In December 2003, the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (Medicare Act) was signed into law. The Medicare
Act introduced a prescription drug benefit under Medicare Part D and a federal subsidy to sponsors of retirement health plans that provide a benefit that is at least actuarially equivalent to Medicare Part D. In May 2004, the FASB issued Staff
Position No. FAS 106-2, Accounting and Disclosure Requirements Related to the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (FSP 106-2). FSP 106-2, which provides guidance on accounting for the effects
of the Medicare Act, requires companies eligible for Federal subsidies under the Medicare Act to recognize the expected benefit in their determination of the accumulated benefit obligation for their postretirement plans.

85

The Company sponsors several different retiree medical plans for certain current and former employees of
some of its business units. Some of these plans cover prescription drug benefits for Medicare-eligible participants. Based on final regulations and guidance issued in January 2005, the Company does not expect the subsidy receipts to materially
impact the Companys consolidated financial position, results of operations or cash flows.

The assumed increase in future medical
costs was adjusted to reflect assumed trend in the next few years. The new medical trend assumptions for the postretirement medical plans for 2006 are as follows: 8.64%-10.57%.